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Charlie Munger Quotes: It's stupid the way people extrapolate the past -- and not slightly stupid, but massively stupid.
         

It's stupid the way people extrapolate the past -- and not slightly stupid, but massively stupid.


Charlie Munger
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"Charlie Munger Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/It-s-stupid-the-way-people-extrapolate-460833>.





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Other quotes of Charlie Munger


The best thing a human being can do is to help another human being know more.

The best thing a human being can do is to help another human being know more.



Intelligent people make decisions based on opportunity costs.

Intelligent people make decisions based on opportunity costs.



Mimicking the herd invites regression to the mean.

Mimicking the herd invites regression to the mean.



I did not succeed in life by intelligence. I succeeded because I have a long attention span.

I did not succeed in life by intelligence. I succeeded because I have a long attention span.



The big money is not in the buying and selling ... but in the waiting.

The big money is not in the buying and selling ... but in the waiting.



Great investing requires a lot of delayed gratification.

Great investing requires a lot of delayed gratification.



When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'

When you locate a bargain, you must ask, 'Why me, God? Why am I the only one who could find this bargain?'



Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.

Our job is to find a few intelligent things to do, not to keep up with every damn thing in the world.



I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.

I believe in the discipline of mastering the best that other people have ever figured out. I don't believe in just sitting down and trying to dream it all up yourself. Nobody's that smart.



A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.

A lot of success in life and business comes from knowing what you want to avoid: early death, a bad marriage, etc.





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... none of them had it. They had no qualms about stealing, but they needed to be told. They liked to be told, and Viktor Chemmel liked to be the teller. It was a nice microcosm.

... none of them had it. They had no qualms about stealing, but they needed to be told. They liked to be told, and Viktor Chemmel liked to be the teller. It was a nice microcosm.



The living owe it to those who no longer can speak to tell their story for them.

The living owe it to those who no longer can speak to tell their story for them.



One man's Mona Lisa is another man's velvet Elvis.

One man's Mona Lisa is another man's velvet Elvis.



Our hoard is little, but our hearts are great.

Our hoard is little, but our hearts are great.



But also there are all the famous stories about the songs that have been rejected, but then went on to become hits.

But also there are all the famous stories about the songs that have been rejected, but then went on to become hits.



I have a woman's body and a child's emotions.

I have a woman's body and a child's emotions.



The memory of past troubles is pleasant. [Lat., Jucunda memoria est praeteritorum malorum.]

The memory of past troubles is pleasant. [Lat., Jucunda memoria est praeteritorum malorum.]



I pretty much borrow my entire beauty regime from my mom.

I pretty much borrow my entire beauty regime from my mom.



I'm just a man on a mission, to prove my disability hasn't won

I'm just a man on a mission, to prove my disability hasn't won




Quote Description


This page presents the quote "It's stupid the way people extrapolate the past -- and not slightly stupid, but massively stupid.". Author of this quote is Charlie Munger. This quote is about stupid, people, past, way,.